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RBI imposes monetary penalty on Hissar Urban Cooperative Bank
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 3 lakh on Hissar Urban Cooperative Bank Ltd for violation of banking norms.
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RBI imposes monetary penalty on Andaman & Nicobar State Co-operative B
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 5 lakh on Andaman and Nicobar State Co-operative Bank Ltd for non-compliance with certain provisions of the banking laws.
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RBI imposes monetary penalty on Varachha Co-operative Bank
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors.
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Slump in Indian stocks continues over monetary policy tightening risks
Updated : 3 years, 6 months ago IST
New Delhi [India], September 26 (ANI): Indian stocks extended their losses from the previous week and declined further on Monday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation.
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No let-up in Rupee depreciation; touches another lifetime low
Updated : 3 years, 6 months ago IST
New Delhi [India], September 26 (ANI): Continuing with the depreciation, Rupee slipped further from the past week's low and hit another lifetime low on Monday morning. This consistent depreciation follows the ongoing strengthening of the US dollar index for a two-decade, on hopes that dem
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Markets monitor RBI MPC meet; rupee downtrend likely to continue
Updated : 3 years, 6 months ago IST
New Delhi [India], September 25 (ANI): Markets fell for a second consecutive week while rupee's decline versus dollar put pressure to reverse the positive flows into the domestic market for two months. US Federal Reserve's hiked rates and a tighter monetary policy across central banks across
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India's forex reserves hit near 2-year low
Updated : 3 years, 6 months ago IST
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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RBI bars Mahindra Finance from using third-party recovery agents
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has barred Mahindra & Mahindra Financial Services from using third-party recovery agents.
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
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